With the Trump administration’s focus on trade policy reform and restructuring, there is renewed interest in the U.S. Census Bureau’s monthly trade reports. An advanced look at the September data will be issued on 25 October, and the official release will be on 2 November. The data for the month of August, however, showed a mixed bag for the administration’s three-part objective of increasing U.S. exports, boosting gross domestic product (GDP) and creating a positive trade balance. The August trade deficit in goods and services was $53.2 billion, up $3.2 billion from July. For the year, it is $31 billion or 8.6 percent higher versus the same period a year ago.
A primary catalyst of the trade gap is the reduction in exp...
What You Need to Know Today: USDA reports are delayed until Tuesday due to the federal holiday on Monday. Over the weekend, President Trump announced a ceasefire between Russia and Ukraine. Russia warmly welcomed and confirmed this ceasefire by conducting more strikes against Ukraine. Specific...
On Saturday, 10 October, at a campaign rally in Clarksville, Tennessee, President Trump said that the U.S. and Mexico would come to terms on a new trade deal, and he said Canada does not need to be part of the deal. Trump called the coming agreement with Mexico “great” but gave no d...
Key Takeaways: The United States has steadily lost global wheat export market share since the 1970s, falling from the world's leading exporter to a projected fifth place in 2026/27. The rapid expansion of Black Sea wheat exports, driven by improved productivity and export infrastructure, has r...
